Private Limited Company

Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership

Team LSA, your trusted legal advisor, provides a cost-effective company registration service in India. You may learn how to register your business here. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (COI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.

Benefits:

The Formation of a company brings in various benefits as compared to the other form of business organization structure. some of these includes:

  1. Limited Liability:

Keeps your personal assets safe. Your exposure is limited to the amount you invested.

  1. Investor Friendly:

Investors prefer to invest in Pvt. Ltd Companies because of their transparency.

  1. Tax Benefits:

Private Limited Company has several tax benefits over other form of organizations.

  1. Market Goodwill:

A Pvt. Ltd. company enjoys goodwill in the market. This is important when dealing with suppliers, clients, general public etc.

Eligibility to form Private Limited Company:

  1. Number of Directors- Minimum 2 and Maximum 15.
  2. Number of shareholders- Minimum 2 and maximum no limit. However, one person can act as both director and shareholder.
  3. Citizenship- At least one director should hold Indian Citizenship.

Documents Required for Company Registration:

  1. Pan Card: PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.
  2. Identity Proof: Aadhar card/Voter ID/Passport/Driving License of Shareholders and Directors.
  3. Address Proof: Latest Telephone Bill/Electricity Bill/Bank Statement /Gas/Water Bill of Shareholders and Directors
  4. Photograph: Latest Passport Size Color photograph of Shareholders and Directors.
  5. Registered office Proof: Latest Electricity Bill (should not be older than two months)/ Telephone Bill/Water/Gas Bill of the registered office address.
  6. NOC from owner: No Objection Certificate to be obtained from the owner(s) of registered office.
  7. Rent Agreement: If Property is taken on Rent, then rent agreement required. Agreement must be notarized.
  8. For NRI: All the documents must be apostilled (if applicable) and notarized.

What do you get:

  1. DSC: Digital signature for two directors to digitally sign the documents
  2. Memorandum of Association: Defines the rules and objective of the business
  3. Articles of Association: Defines the rules and objective of the business
  4. Company PAN (soft copy): PAN number of the company to open a bank account
  5. Incorporation Certificate: Certificate of incorporation bearing company’s registration number and details
  6. Company TAN (soft copy): TAN number of the company
  7. GST Certificate: GSTIN number and Certificate for your company
  8. ESI and PF registration

Compliance after company registration:

We are happy to announce discount package for clients who register Company with us by managing annual compliance applicable on Companies, which are listed as under;

  1. Statutory Compliances

Annual compliances including filing of Annual Account and Annual Return in prescribed form.

  1. GST Compliances

When you register the GST for your business you’ll also need to file GST returns. These are mandatory if you avail the GST number for your company.

  1. Book Keeping & TDS filings

Book Keeping is important to keep the business in radar. You’ll need to file TDS only if your Pvt. Ltd company has done some particular transactions.

Said compliances for Companies will be provide in Rs. 5000/- per month upto turnover not exceeding Rs. 10,00,000/- (Rupees Ten Lacs). In case client want to pay annual fees in one go then fees for all said compliances will be Rs. 50,000/-

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